Lundin Norway AS, operator of production licence 674 BS, is in the process of completing the drilling of wildcat well 26/10-1.
The well was drilled about 33 kilometres northeast of the discovery well, 16/2-6, on Johan Sverdrup in the central North Sea, and about 100 kilometres west of Stavanger.
The purpose of the well was to prove petroleum in reservoir rocks in the Miocene (the Utsira formation). The well encountered a 24-metre total gas column in the Utsira formation with excellent reservoir quality. The well was not formation tested, but data acquisition and sampling have been carried out. Preliminary calculations of the size of the discovery are between 1.5 and 4 billion standard cubic metres (Sm3) of recoverable gas.
This is the first exploration well in production licence 674 BS. On 28 October 2014, it was carved out from production licence 674, which was awarded in APA 2012. The well was drilled to a vertical depth of 995 metres below the sea surface and was terminated in the Hordaland group. Water depth at the site is 140 metres. The well will now be permanently plugged and abandoned.